|
We are experienced in providing full internal audit outsourcing, or should you only require specialised skills, we can provide skills on a co-sourcing arrangement. The service we provide can be tailored to meet your specific requirements.
Capabilities
We assume internal audit responsibilities, allowing your organisation to realise many of the following benefits:
| · |
Reduce and control operating costs. |
| · |
Improve company focus. |
| · |
Gain access to world class capabilities. |
| · |
Share risks. |
| · |
Reduce headcount. |
| · |
Manage costs. |
We provide you with an integrated control framework (COSO) which is integrated into our audit approach. COSO defines internal control as a process, effected by an entity's board of directors, management and other personnel, designed to provide assurance regarding the achievement of objectives in the following categories:
| · |
Effectiveness and efficiency of operations. |
| · |
Reliability of financial and management reporting. |
| · |
Compliance with applicable laws and regulations. |
| · |
Safeguarding of assets. |
We evaluate controls over all four of the categories of objectives. There are five interrelated components of internal control:
| · |
Control environment. |
| · |
Information and Communication. |
| · |
Risk assessment. |
| · |
Control Activities. |
| · |
Monitoring. |
To conclude that internal control is functioning effectively in any category of these objectives, all five components must be present and functioning satisfactorily.
Benefits To Clients
| · |
Improved audit quality, based on best practice audit methodologies. |
| · |
Access to expertise. |
| · |
Audit efforts are focused on the right kind of controls. |
| · |
Greater audit scope ensures value added internal audit services. |
| · |
Proven internal audit company designed to fit your needs. |
| · |
Increased independence. |
| · |
State of the art audit technology. |
|